Axon Stock in 6 Charts

From tasers to body cameras, here's what you need to know about Axon.

Author

Travis Hoium
September 30, 2023

Today’s Compounders Daily stock is Axon (Nasdaq: AXON), the maker of tasers and body cameras for law enforcement.

Axon stock has returned 1,240% in the last 10 years and 9,000% over the past 20 years.

Chart by Koyfin. Get 20% off Koyfin with our discount at this link.

Here is a look at Axon’s key metrics and business segments in 6 charts.

The 30,000-Foot View

Axon’s revenue has grown at an astounding compound annual growth rate of 27.2% over the past decade.

A focus on growing revenue and improving R&D has meant very little net income until recently.

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It starts with data from our partners at Koyfin, who bring a treasure trove of data to your fingertips. It’s easy to get started with Koyfin and you can get 20% off with this link!

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The Business Breakdown

Until a decade ago, tasers were Axon’s main business and even today it’s a huge business. Compound growth isn’t as high as body cameras and cloud services, but it’s still 17.6%, which most companies would envy.

Body cameras are the hardware products Axon sells but the real money is in services revenue. In total, this business has grown at a CAGR of 55.9% since 2014.

Did You Know?

Cloud services are high margin, but tasers carry a lofty margin of over 60% as well.

Dive Deeper Into Axon

Want to dive deeper into Axon’s business? Here are 3 resources we use every day:

  1. Investor Relations: Press releases, earnings, SEC filings straight from Alphabet.

  2. Koyfin: Get financials, charts, transcripts, and much more all on Koyfin. It’s what we use to start research, so you know it’s good.

  3. Quartr: There’s no better way to listen to earnings reports than Quartr. And they recently added searchable transcripts and earnings presentations to the platform.

We will be back tomorrow with another compounder stock.

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Disclaimer: Compounders Daily provides analysis and research but DOES NOT provide individual financial advice. Travis Hoium and Jon Quast may have a position in some of the stocks mentioned. All content is for informational purposes only. Asymmetric Investing is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any asset involves risk and could result in significant capital losses. Please, do your own research before acquiring stocks.

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